$ENS

The long liquidation at $6.936 shows a sharp stop-hunt move that forced out late bullish positions, often paving the way for stabilization or a bounce. Price is now testing a critical support region near $6.65, a level that previously held during multiple corrections. As long as buyers defend this zone, a recovery toward the first resistance around $7.35 is likely, followed by a continuation toward the next target near $7.85 where heavy selling occurred before. Volume behavior indicates diminishing selling strength, suggesting the downside move may be exhausting. If $6.65 fails, however, price could slide toward the deeper support near $6.10 before renewed buying interest appears. Overall market structure favors a technical rebound scenario after the liquidation reset, provided support remains intact. $ENS ‌